MLX/WGR would only be interested in Rover therefore outright takeover zero probability IMO
A couple mil in scrip would probably seal the deal for the Rover assets. And maybe a small production royalty (1%). That would give ADN some play money to drill in SA for a little while
The market is sick, everyone is suffering, so assets are selling and will be sold way below fair value. Unfortunately ADN don't have the legacy of a large cash buffer to ride out the storm, so asset monetisation is likely to occur, starting with Rover
Cheers
company valuation, page-4
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Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.59K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8106342 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8773977 | 21 |
View Market Depth
| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |